 "Now, access corporate banking services on Apple, smartwatch devices")
Intellect Design Arena's iGTB has launched a new solution that helps users access corporate banking services from their Apple Watch and smartwatch devices.
Intellect Design Arena was a part of Polaris Consulting before its demerger.
The platform includes sanctions screening, an artificial-intelligence-powered solution that goes beyond current KYC methods by incorporating a natural-language contextual search of social media to protect banks from commercial risks.
Quoting a Morgan Stanely report, the company said that the cost of breaking sanctions is around $12 billion. It further said that around 6% of banks' supposedly clean names were discovered to be high risk.
The company has also released a new version of its digital enterprise platform CBX.
CBX features centralised fine-grain bank-grade entitlements, a payments pre-processor (e.g. for tanking future payments), a fees and charges module to allow bundled cash and trade volume discounting, online chat features and biometric log-in as well as customary enhancements to user experience.
